2499 WALLACE RD NW
SALEM, OR 97304

$16,000,000

399 Beds

414 Baths

341,102 Sq Ft

Status Active

MLS# 816906

Opportunity to purchase & take over the development/completion of 201-unit apartment complex project. Located in expanding community of West Salem. Plans & permits for 3-story multiplex complete w/fitness center, pool & clubhouse, walking trail/green space & on-site management office. Adjacent to neighboring small shopping center, food pods & pavilion. Property will be delivered in current state with approx 65% horizontal completed. West Salem is a reliably expanding community, with 190,963 residents within a five-mile radius and a projected population of 202,097 by 2026.

Details for 2499 WALLACE RD NW

$47 / Sq Ft

0 parking spaces

Electric

16 Days on website

8 acres lot

Interior

Bathrooms Total

414

Bedrooms Total

399

Flooring

Carpet, Laminate, Vinyl

Laundry Features

W/D Hookup

Living Area

341,102 SqFt.

Building And Construction

Accessibility Features

Yes (Refer To Remarks)

Building Name

Riverbend Apartments Ph 2

Number Of Units Total

201

Property Sub Type

Multi Family

Property Type

Residential Income

Year Built

2023

Exterior And Lot

Lot Size Acres

Lot Size Square Feet

341102

Patio And Porch Features

["Covered Deck", "Covered Patio"]

Utilities

Heating

Electric

Area And Schools

City

Salem

County Or Parish

Polk

Elementary School

Harritt

High School

West Salem

Middle Or Junior School

Walker

Subdivision Name

Riverbend Apartments Ph 2

Financial Info

Tax Annual Amount

$323,000

Additional Info

Price Per Sq Ft

46.91